British Airways Pensions Investment Management Ltd increased its position in shares of ServiceNow, Inc. (NYSE:NOW) by 84.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,243 shares of the information technology services provider’s stock after purchasing an additional 99,938 shares during the period. British Airways Pensions Investment Management Ltd owned approximately 0.13% of ServiceNow worth $25,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Dimensional Fund Advisors LP raised its holdings in ServiceNow by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 153,341 shares of the information technology services provider’s stock worth $13,412,000 after purchasing an additional 11,885 shares in the last quarter. AQR Capital Management LLC raised its holdings in ServiceNow by 44.4% during the first quarter. AQR Capital Management LLC now owns 47,862 shares of the information technology services provider’s stock worth $4,186,000 after purchasing an additional 14,718 shares in the last quarter. Capstone Asset Management Co. raised its holdings in ServiceNow by 6.6% during the second quarter. Capstone Asset Management Co. now owns 4,032 shares of the information technology services provider’s stock worth $427,000 after purchasing an additional 250 shares in the last quarter. Creative Planning raised its holdings in ServiceNow by 47.7% during the second quarter. Creative Planning now owns 5,540 shares of the information technology services provider’s stock worth $587,000 after purchasing an additional 1,790 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in ServiceNow by 89.7% during the second quarter. State of Alaska Department of Revenue now owns 5,583 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 2,640 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on NOW. UBS AG increased their price target on shares of ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a report on Monday, November 6th. Zacks Investment Research cut shares of ServiceNow from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Argus reaffirmed a “buy” rating and issued a $150.00 target price (up from $125.00) on shares of ServiceNow in a report on Friday, October 27th. Finally, Credit Suisse Group increased their target price on shares of ServiceNow from $135.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $130.50.

ServiceNow, Inc. (NOW) traded down $1.16 during trading on Thursday, reaching $123.32. 622,400 shares of the company traded hands, compared to its average volume of 1,592,781. ServiceNow, Inc. has a 12-month low of $72.80 and a 12-month high of $129.56. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The firm had revenue of $498.20 million for the quarter, compared to the consensus estimate of $491.62 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. equities analysts expect that ServiceNow, Inc. will post -0.35 EPS for the current fiscal year.

In other news, Director Frank Slootman sold 150,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $115.38, for a total value of $17,307,000.00. Following the completion of the sale, the director now owns 216,535 shares of the company’s stock, valued at approximately $24,983,808.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic B. Luddy sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $110.17, for a total transaction of $11,017,000.00. Following the completion of the sale, the director now directly owns 29,990 shares of the company’s stock, valued at approximately $3,303,998.30. The disclosure for this sale can be found here. Insiders have sold a total of 963,849 shares of company stock worth $113,641,884 in the last ninety days. 3.30% of the stock is currently owned by insiders.

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ServiceNow Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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